The Central Bank of Armenia (CBA), the primary financial institution in the Republic of Armenia, has selected Intellect Design Arena’s Quantum Central Banking System for its Digital transformation.
Intellect’s Quantum Central Banking System will help CBA to streamline its business processes across multiple departments and external entities. It will be able to generate the balance sheet in real-time and have comprehensive dashboards for integrated operation and prudential oversight, with no reconciliation hassles. Automation of operations will remove all unnecessary manual intervention in transaction processing. The company will work with its strategic partner for the region, Intracom Armenia, for implementation of this project. The Intellect Quantum Central Banking System will be deployed along with complete currency life cycle management and comprehensive Treasury management solution.
Intellect Design Arena is a global leader in Financial Technology for Banking, Insurance and other Financial Services. It offers a digital platform that enables products across four distinct lines of businesses namely global consumer banking (iGCB), risk and treasury management (iRTM), global transaction banking (iGTB), central banking and insurance (Intellect SEEC).